Friday, May 7, 2010

Obama's economic results

In a late-day plunge eerily reminiscent of famous Wall Street stock market meltdowns in 1987 and the fall of 2008, the Dow Jones industrials nosedived almost 1,000 points Thursday in a volatile day that began with heavy selling on Greek debt fears and was followed by a waterfall decline that was allegedly caused by erroneous trades and "unusual trading activity."

I think we're getting near the point in time when even the most ardent Obamaphiles among the Washington / D.C. media elite will start questioning Obama's economic leadership.

Remember, these millionaire reporters and television personalities don't get overly upset about unemployment among blue collar, civil service and union workers. They don't lose any sleep about the "correction", i.e., nose dive, in middle class housing values.

But, the media leaders all viciously turned against the Republicans in the fall of 2008, when their personal investments in the stock market crashed. That's happening again.

About Me

Lifelong Democrat; Former president, Broward County, Florida Young Democrats; Former member, Broward County, Florida Democratic Executive Committee; Former city commissioner, City of Cooper City, Florida; Graduate, The University of Florida; Practicing attorney, Miami, Florida; Member, The Florida Bar; Member, North American Snowsports Journalists Association; Broward County Young Democrats' Trailblazer of the Year, 1994; Broward County Young Democrats' Young Democrat of the Year, 1996.